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>He bought something that was damaged and its value went off a cliff. He waived due diligence now is complaining about something that should have been obvious

>He bought something that was damaged and its value went off a cliff. He waived due diligence now is complaining about something that should have been obvious in advance, and in fact was one of the things he said was an issue with the platform that he'd fix. >What kind of person would pay full freight for Twitter as the tech valuations plummet The kind of person that signs a deal. Were he and his team not smart enough to offer fair value for the company? What kind of person absolves a billionaire from rules we all have to follow?

JumpCrisscross 4y ago
> What kind of person absolves a billionaire from rules we all have to follow? Twitter have two options if Elon refuses to close. They can sue him. Or they can settle. The former will be a multi-year boondoggle for everyone involved. Nobody wants that. But neither does either side want to settle for less than they can get. Both are thus positioning to make it seem like they'll make the boondoggle the boondoggliest if they're forced to face it. Twitter isn't great at theatrics. Elon is. Thus, he's taking the lead. That said, it remains in both parties' rational interests to appear willing to pursue their aims to an irrational extent in the courts, so the other side settles for less than that. Keep that in mind over the coming weeks. Point is, yes, when you're a billionaire, signing a contract means something different from you or myself because the cost of enforcing a $44bn deal is minuscule compared to the cost of the deal. (And in this, he's far from unique.)
- itsoktocry 4y ago
  >Keep that in mind over the coming weeks. Sure, I agree. But the OP's interpretation of events is dead-wrong. This isn't the media picking on poor Elon. The guy dove head-first into something without thinking through consequences, now he and his supporters are claiming to be some kind of victims in this. Twitter did nothing wrong here.
  - JumpCrisscross 4y ago
    > Twitter did nothing wrong here I have nothing but respect for Elon's work at Tesla and SpaceX. But Elon Musk is a known quantity in terms of counterparty behavior. Nobody should be surprised this is happening, least of all Twitter's Board.
  - boringg 4y ago
    I never said poor Elon so please don't use false language to frame your own counter statement. I said the media and Elon use each other and that we're all pretty tired of that. "Twitter did nothing wrong here" -- what kind of framing is that? Again there is no victimization of Elon - he's just trying to get out of a deal - you are using some overly hyperbolic language in your comment which is common these days and equally as annoying as Elon's twitter thread.

JumpCrisscross 4y ago

> What kind of person absolves a billionaire from rules we all have to follow? Twitter have two options if Elon refuses to close. They can sue him. Or they can settle. The former will be a multi-year boondoggle for everyone involved. Nobody wants that. But neither does either side want to settle for less than they can get. Both are thus positioning to make it seem like they'll make the boondoggle the boondoggliest if they're forced to face it. Twitter isn't great at theatrics. Elon is. Thus, he's taking the lead. That said, it remains in both parties' rational interests to appear willing to pursue their aims to an irrational extent in the courts, so the other side settles for less than that. Keep that in mind over the coming weeks. Point is, yes, when you're a billionaire, signing a contract means something different from you or myself because the cost of enforcing a $44bn deal is minuscule compared to the cost of the deal. (And in this, he's far from unique.)

itsoktocry 4y ago
>Keep that in mind over the coming weeks. Sure, I agree. But the OP's interpretation of events is dead-wrong. This isn't the media picking on poor Elon. The guy dove head-first into something without thinking through consequences, now he and his supporters are claiming to be some kind of victims in this. Twitter did nothing wrong here.
- JumpCrisscross 4y ago
  > Twitter did nothing wrong here I have nothing but respect for Elon's work at Tesla and SpaceX. But Elon Musk is a known quantity in terms of counterparty behavior. Nobody should be surprised this is happening, least of all Twitter's Board.
- boringg 4y ago
  I never said poor Elon so please don't use false language to frame your own counter statement. I said the media and Elon use each other and that we're all pretty tired of that. "Twitter did nothing wrong here" -- what kind of framing is that? Again there is no victimization of Elon - he's just trying to get out of a deal - you are using some overly hyperbolic language in your comment which is common these days and equally as annoying as Elon's twitter thread.